Sumitomo Mitsui Financial Group (NYSE:SMFG) Shares Gap Down – Here’s What Happened

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) gapped down before the market opened on Tuesday . The stock had previously closed at $15.46, but opened at $15.08. Sumitomo Mitsui Financial Group shares last traded at $15.00, with a volume of 163,714 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 21st.

Sumitomo Mitsui Financial Group Trading Down 1.7 %

The company’s 50-day moving average is $15.35 and its 200 day moving average is $14.31. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The firm has a market cap of $98.37 billion, a PE ratio of 14.75, a P/E/G ratio of 2.36 and a beta of 0.59.

Institutional Trading of Sumitomo Mitsui Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in Sumitomo Mitsui Financial Group by 7.5% during the fourth quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank’s stock valued at $159,000 after buying an additional 763 shares during the period. Wealthstream Advisors Inc. grew its stake in Sumitomo Mitsui Financial Group by 7.4% during the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock valued at $166,000 after acquiring an additional 794 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% in the 4th quarter. Pitcairn Co. now owns 34,133 shares of the bank’s stock valued at $495,000 after purchasing an additional 876 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.